I hope everyone takes this seriously and understands our situation! If you can't hold on, just give up; don't risk your life! In the end, only you will get hurt. Of course, we can never wake someone who pretends to be asleep!
A game called one you can never win, a game that is destined to lose as long as you participate. In 1971, American Yale University economist Martin Shubik conducted an experiment in school, openly auctioning one dollar starting at five cents. The highest bidder would receive this dollar, but both the highest and the second-highest bidders had to pay their bids. The rules of the game are simple, but the core of the entire game is this sentence. Also, note that what the players win in the end is just this one dollar. At the beginning, someone might bid ten cents; if no one bids higher, even with only a one-dollar reward, they can still profit ninety cents. Others think the same way; then someone bids fifteen cents, twenty cents, and the bidding continues. When someone bids fifty cents, the pace gradually slows down, and only a few continue to bid. At this point, the auction continues until someone bids ninety-five cents, and people start to feel something is wrong because they have reached the turning point from profit to loss.
But because of the rules of the game, the first two people couldn't stop, and finally, the price broke through to 100 dollars. At this point, the players' concept of participating in the game transitioned from making a little profit to losing a little because if either side stops bidding, they would lose everything. Thus, the price continues to rise. Ultimately, this dollar was auctioned off at astronomical prices of dozens of dollars at Harvard and Yale. You might think this could be a coincidence, but Harvard and Yale have conducted this experimental game multiple times, and the final auction bids were always between 20 and 66 dollars, far exceeding the one-dollar reward.
If the students from these universities were of low intelligence, it might not be persuasive, but the subjects of the experiment are elites from world-class universities. No matter what strategy you use, you cannot win in this game; the only guaranteed method to win is not to participate. In fact, if you take a closer look at this experiment, you will find what this experiment is really testing. It is not testing how many foolish people there are, but rather how foolish people can actually be. Because when the bidding exceeds fifty cents, the vast majority have already realized that you cannot win this game, yet there are still some who continue to bid!
When I saw this one-dollar trap at that time, I didn't notice the key point until recently when I heard another story. But I'm sorry; I can't share that story with you because if certain people understand some elements of it, it would be no exaggeration to say that it would be like opening Pandora's box. What I can tell you is that the human brain is designed; once you understand its mechanism, you can not only control yourself but also easily manipulate others. And this method is particularly simple.
Today I want to tell you the story of a one-dollar scam, because recently the Binance ALPHA has become too saturated, and it resembles the one-dollar story. Once you participate, you can't get out. This is not just about two people; it's about everyone. People can't stop for the rewards and must grit their teeth to double from 1 to 2, 2 to 4, 4 to 8, and so on ♾ infinitely. Fortunately, this game will end in three days. If it continues a bit longer, the cryptocurrency world might undergo a huge change?! The gameplay design is good; the exchange earns all the fees and new users, the project party continuously arbitrages at high positions, and users get airdrops until their hands are soft. No one gets hurt?! However, centralized gameplay is ultimately a vortex; while it's addictive, it's no different from drug addiction. I hope that they can consider changing their approach. I know it's very legitimate now, but over time, it might lead to losses when the moon is full or overflow when the water is full. We've enjoyed the glory at the peak, so let's retreat in the torrent and not ruin our reputation in the end! I love Binance, and I love all the innovative gameplay in the cryptocurrency world!
